Smart Technology Devices Set To Drive Respiratory Care Devices Market
The devices used for the diagnosis, monitoring and therapeutic purpose of the cardiopulmonary problem are called as Respiratory care devices. The respiratory care devices market is advancing at a steady rate, as estimated by IQ4I Research that the respiratory care devices global market is is expected to grow at high single digits CAGR to reach $26,101 million by 2022.
Rising incidences of respiratory diseases due to urbanization and increasing pollution, increasing tobacco usage, increasing preterm birth incidence, rising use of non-invasive ventilators are some of the drivers of the market. Growing demand for home care therapeutic devices, a huge pool of undiagnosed sleep apnea patients and increasing Chronic Obstructive Pulmonary Disease (COPD leading to increasing the requirement of ventilators are some of the opportunities that are propelling the growth of the market. However, lack of awareness of the disease, large underdiagnosed and undertreated population, harmful effects of certain devices on neonates are some of the restraints of the market. Availability of low-cost products from local manufacturers, stringent regulations for approval and mandatory licensing for Practitioners and Reimbursement issues are some of the treats of the market.
The respiratory care devices global market by products is segmented into therapeutics, monitoring, diagnostics and consumables. Therapeutics devices are divided into humidifiers, nebulizers, oxygen concentrators, positive airway pressure devices (PAP), resuscitators, ventilators, inhalers and others. Humidifiers are of two types name active and passive humidifiers. Jet, ultrasonic, mesh and smart are the types of nebulizers. Oxygen concentrators are of two type’s namely stationary oxygen concentrators and portable oxygen concentrators. Continuous Positive Airway Pressure (CPAP) devices, Automatic PAP (APAP) devices and Bi-level PAP (BPAP) devices are the types of Positive airway pressure device (PAP). Resuscitators are segmented as manual and gas powered resuscitators. Ventilators are segmented as invasive ventilators and noninvasive ventilators. Inhalers are segmented as dry powder inhalers and meter dose inhalers. Others include diaphragm pacing, positive expiratory pressure (PEP), nitric oxide delivery units, oxygen hoods, flutter valve devices, nasal cornets, intrapulmonary percussive ventilators, cardiopulmonary resuscitation emergency kits and high-frequency chest wall oscillation device (HFCWO). New technology inhaler called as the smart inhalers are designed to improve the management of the lung disease by helping in the reminding daily medication for patients and keep the disease under control. These devices are used as an aid for the metered dose inhalers and are expected to drive the market. Metamason, a healthcare-focused 3D printing company, has raised $3 million in seed funding to further develop Respere, a 3D-printed CPAP mask designed for obstructive sleep apnea by 3P Equity Partners.
Monitoring devices are segmented into pulse oximeters, capnographs and gas analyzers. Pulse oximeters are further segmented into finger pulse oximeter, handheld pulse oximeter, wrist pulse oximeter and table top pulse oximeters. On June 2016, Nonin Medicals (U.S.) launched a smart wireless finger pulse oximeter called Nonin Connect Elite Model 3240 Bluetooth Smart wireless finger pulse oximeter to measure the arterial blood oxygen saturation and pulse rate. Resmed Inc (U.S.), Philips healthcare (Netherlands) and Fisher and Paykel (New Zealand) are leading in continuous pressure devices (CPAP) market while, Medtronics and Masimo Corporation are the leaders in the pulse oximetry market. Diagnostic respiratory devices are segmented into spirometers, peak flow meters and polysomnography (PSG) devices. Spirometer is segmented into volumetric spirometers and flow measuring spirometers. Clinical polysomnography and ambulatory polysomnography are the types of polysomnography device. Consumable products are segmented into masks, tracheostomy tubes, nasal cannulas and others. Masks are segmented into nasal masks, full face masks, nasal pillow masks and oral /nasal mask. Other consumables include suction and aspirator pump, head strap, nose clips, mouthpieces, corrugated tubing and oxygen pressure reducers.
The respiratory care devices global market by applications is segmented into nine major divisions such as acute respiratory distress syndrome, asthma, chronic obstructive pulmonary disease, cystic fibrosis, pulmonary fibrosis, pneumonia, respiratory failure, sleep apnea, lung cancer, tuberculosis and others. Chronic obstructive pulmonary diseases are segmented into chronic bronchitis and emphysema. Hospitals and home health care are the end-users of the respiratory care devices market.
New technology inhaler called as the smart inhalers are designed to improve the management of the lung disease by helping in the reminding daily medication for patients and keep the disease under control. Propeller Health has a new FDA-approved mobile platform in combination with sensors that is attached to the asthma inhaler for measurement and monitoring the medication of the patient. This has resulted in improved disease control and reduction in rescue inhaler use greater than 70% across patient populations. Propeller Health entered into a partnership with Boehringer Ingelheim on March 2016 to provide their smart inhaler technology for Boehringer’s RESPIMAT inhaler device.
Major players in the respiratory care devices global market are Becton, Dickinson and Company (U.S.), Chart Industries (U.S.), Drager Medical AG & Co. KGaA (Germany), Fisher & Paykel Healthcare (New Zealand), GE Healthcare (U.S.), Invacare Corporation (U.S.), Getinge Groups (Sweden), Medtronic (Ireland), Philips Healthcare (Netherlands) and ResMed, Inc. (U.S.).
Some of the emerging players in the respiratory care device market are Teleflex (U.S.), DeVilbiss Healthcare (U.S.), Neotech medical systems (India), VADI medical technologies Co., Ltd (Taiwan), Technologie medicale (France), Hayek medical (U.K.), Omron medical (Japan), Knox (U.S.), Smith Medical (U.K.), Italian medical touch (Italy), Geratherm medical AG (Germany), Hamilton medical (Switzerland), Nonin (U.S.) and WILAmed Gmbh (Germany).